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Regional Investment Corporation Bill 2017

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8362

2016-2017-2018

 

The Parliament of the

Commonwealth of Australia

 

THE SENATE

 

 

 

 

 

Regional Investment Corporation Bill 2017

 

 

(1)     Clause 11, page 10 (lines 6 to 9), omit the note, substitute:

Note:          Part 4 of Chapter 3 (sunsetting) of the Legislation Act 2003 does not apply to the directions (see regulations made for the purposes of paragraph 54(2)(b) of that Act).

[ Operating Mandate]

(2)     Clause 11, page 10 (after line 31), at the end of the clause, add:

             (4)  Despite regulations made for the purposes of paragraph 44(2)(b) of the Legislation Act 2003 , section 42 (disallowance) of that Act applies to a direction forming part of the Operating Mandate.

[ Operating Mandate]

(3)     Clause  12 , page 11 (before line 16) , before subclause ( 4 ), insert:

          (3C)  For the purposes of subsection (3), any terms and conditions to be included in an agreement must be in accordance with the rules.

          (3D)  However, a failure to comply with subsection (3C) does not affect the validity of a particular term or condition included in an agreement.

[ Ministerial directions]

(4)     Clause 12, page 11 (lines 19 to 21), subclause (5) (including the heading), to be opposed .

[ Ministerial directions]

(5)     Clause 12, page 11 (after line 21), at the end of the clause, add:

             (5)  The rules must prescribe, in relation to agreements to be entered into under subsection (3):

                     (a)  the terms and conditions, or the kinds of terms and conditions, that may be included in an agreement; and

                     (b)  the matters the Corporation must consider in specifying terms and conditions to be included in an agreement.

[ Ministerial directions]

( 6 )     Page 12 (after line 23) , at the end of Part 2, add:

13A   Tabling of water infrastructure project agreements etc.

             (1)  The Corporation must give the Agriculture Minister a copy of an agreement entered into under subsection 12(3).

             (2)  The Agriculture Minister must cause:

                     (a)  a copy of the agreement; and

                     (b)  any direction given under subsection 12(3) relating to the agreement;

to be tabled in each House of Parliament within 15 sitting days of that House after receiving a copy of the agreement.

             (3)  The Agriculture Minister must cause a copy of the documents mentioned in subsection (2) to be published on the internet within 30 days of the Minister receiving the copy of the agreement.

[tabling of water infrastructure project agreements]

(7)     Page 23 (after line 10) , after clause  41 , insert:

41A   Disclosure of interests

             (1)  The CEO must give writt en notice to the Board of any disclosure made by the CEO under section 29 of the Public Governance, Performance and Accountability Act 2013 (which deals with the duty to disclose interests).

             (2)  Subsection (1) applies in addition to any rules made for the purposes of section 29 of the Public Governance, Performance and Accountability Act 2013 .

             (3)  For the purposes of this Act and the Public Governance, Performance and Accountability Act 2013 , the CEO is taken not to have complied with section 29 of that Act if the CEO does not comply with subsection (1) of this section.

[disclosure of interests]